Pacer Advisors Inc. Purchases 2,140 Shares of Aon plc $AON

Pacer Advisors Inc. boosted its position in shares of Aon plc (NYSE:AON) by 12.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 19,504 shares of the financial services provider’s stock after buying an additional 2,140 shares during the quarter. Pacer Advisors Inc.’s holdings in AON were worth $6,883,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in AON. Sound View Wealth Advisors Group LLC grew its position in shares of AON by 1.5% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,935 shares of the financial services provider’s stock worth $683,000 after buying an additional 29 shares during the period. Kathmere Capital Management LLC lifted its holdings in AON by 2.1% in the fourth quarter. Kathmere Capital Management LLC now owns 1,582 shares of the financial services provider’s stock valued at $558,000 after buying an additional 32 shares during the period. City National Bank of Florida MSD lifted its holdings in AON by 3.8% in the fourth quarter. City National Bank of Florida MSD now owns 867 shares of the financial services provider’s stock valued at $306,000 after buying an additional 32 shares during the period. Westpac Banking Corp boosted its stake in AON by 5.6% in the third quarter. Westpac Banking Corp now owns 620 shares of the financial services provider’s stock valued at $221,000 after acquiring an additional 33 shares during the last quarter. Finally, Capital Investment Advisors LLC grew its holdings in AON by 1.8% during the 4th quarter. Capital Investment Advisors LLC now owns 1,882 shares of the financial services provider’s stock worth $664,000 after acquiring an additional 33 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on AON shares. Weiss Ratings reissued a “hold (c)” rating on shares of AON in a research note on Tuesday, April 21st. Barclays decreased their price objective on AON from $381.00 to $372.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Citigroup upped their price objective on AON from $412.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. TD Cowen restated a “buy” rating on shares of AON in a report on Monday, March 16th. Finally, UBS Group decreased their target price on AON from $385.00 to $360.00 and set a “neutral” rating for the company in a research report on Tuesday, June 16th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $394.94.

AON Trading Up 0.2%

NYSE:AON opened at $318.50 on Monday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.95 and a quick ratio of 1.95. The business’s 50-day simple moving average is $322.70 and its 200-day simple moving average is $331.63. Aon plc has a fifty-two week low of $304.59 and a fifty-two week high of $381.00. The stock has a market capitalization of $68.03 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 1.67 and a beta of 0.71.

AON (NYSE:AON) last posted its earnings results on Saturday, May 2nd. The financial services provider reported $6.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.37 by $0.11. The business had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $4.97 billion. AON had a return on equity of 43.50% and a net margin of 22.54%.AON’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $5.67 EPS. Sell-side analysts expect that Aon plc will post 19.09 earnings per share for the current fiscal year.

AON Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were given a dividend of $0.82 per share. This is a positive change from AON’s previous quarterly dividend of $0.74. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, May 1st. AON’s payout ratio is currently 18.00%.

AON Profile

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.